Assel grows mulberry trees. The lumber yard purchases cut trees from you. The trees grow 1 foot per year. Assuming a constant real price per foot for mulberry, at what interest rate would Assel be willing to sell a 10-foot tree today?
A) 3%
B) 5%
C) 8%
D) 12%
D
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The general answer to the question of choosing the scale of the variables is
A) dependent on you whim. B) to make the regression results easy to read and to interpret. C) to ensure that the regression coefficients always lie between -1 and 1. D) irrelevant because regardless of the scale of the variable, the regression coefficient is unaffected.
The demand for Dell laptops is more price elastic than the demand for laptops as a whole. This can be best explained by the fact that
a. There are fewer substitutes for Dell laptops than for laptops as whole b. There are more substitutes for Dell laptops than for laptops as whole c. Dell laptops are luxurious goods d. Dell laptops are a necessity
U.S. tariff rates are substantially higher than the world average
Indicate whether the statement is true or false
A negative externality causes a private market to produce which of the following quantities?
a) less than market equilibrium b) more than market equilibrium c) more than is socially desirable d) less than is socially desirable